If You Want Monthly Income, This Dividend Stock Is for You

Core Insights - Realty Income is a real estate investment trust (REIT) that focuses on single-unit freestanding commercial properties, generating consistent rental income for its shareholders [3][4][6] - The company has a strong track record of paying monthly dividends, having declared a monthly dividend for 659 consecutive months and increasing payouts for the past 110 quarters [9] Company Overview - Realty Income specializes in properties such as grocery stores, convenience stores, dollar stores, and drugstores, with major clients including 7-Eleven, Dollar General, and Walgreens [3][4] - As of March 31, Realty Income is the seventh-largest REIT globally, with approximately $59 billion in real estate assets [6] Financial Performance - In the first quarter, Realty Income reported nearly $250 million in net income available to shareholders [4] - The current monthly dividend is $0.2685, yielding around 5.6% as of June 9, which is higher than its average yield over the past decade [9] Investment Returns - Since its market debut in 1994, Realty Income's stock price has outperformed the S&P 500 by approximately 1,250% to 1,180%, and when including dividends, the total return exceeds the S&P 500 by about 8,490% to 2,170% [13] - The company has maintained an impressive annual average growth rate above 12% since 1994, indicating its potential as a lucrative investment [15]